Durham County, N.C., to sell $62.18 million G.O. refunding bonds

By Sheri Kasprzak

New York, May 20 - Durham County of North Carolina is set to price $62.18 million of series 2011 general obligation refunding bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with Stephens Inc. and Bank of America Merrill Lynch as the senior managers.

The bonds are due 2011 to 2022.

Proceeds will be used to refund the county's series 2004A-B and 2006A-B bonds.

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